HAIVISION SYSTEMS INC (HAI.CA) Stock Fundamental Analysis
Canada - TSX:HAI - CA40531F1009 - Common Stock
5.16 CAD
+0.05 (+0.98%)
Overall HAI gets a fundamental rating of 3 out of 10. We evaluated HAI against 12 industry peers in the Communications Equipment industry. While HAI seems to be doing ok healthwise, there are quite some concerns on its profitability. HAI has a expensive valuation and it also scores bad on growth.
1. Profitability
1.1 Basic Checks
In the past year HAI has reported negative net income.
HAI had a positive operating cash flow in the past year.
In multiple years HAI reported negative net income over the last 5 years.
HAI had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
HAI's Return On Assets of -0.89% is fine compared to the rest of the industry. HAI outperforms 75.00% of its industry peers.
HAI has a Return On Equity of -1.34%. This is amongst the best in the industry. HAI outperforms 83.33% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.89% | ||
| ROE | -1.34% | ||
| ROIC | N/A |
ROA(3y)-0.57%
ROA(5y)0.07%
ROE(3y)-1.12%
ROE(5y)1.21%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
In the last couple of years the Profit Margin of HAI has declined.
In the last couple of years the Operating Margin of HAI has declined.
With an excellent Gross Margin value of 72.48%, HAI belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
In the last couple of years the Gross Margin of HAI has remained more or less at the same level.
The Profit Margin and Operating Margin are not available for HAI so they could not be analyzed.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | 72.48% |
OM growth 3YN/A
OM growth 5Y-9.63%
PM growth 3YN/A
PM growth 5Y-6.09%
GM growth 3Y-0.8%
GM growth 5Y-0.55%
2. Health
2.1 Basic Checks
HAI does not have a ROIC to compare to the WACC, probably because it is not profitable.
Compared to 1 year ago, HAI has less shares outstanding
Compared to 5 years ago, HAI has more shares outstanding
HAI has a better debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 2.78 indicates that HAI is not a great score, but indicates only limited risk for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 2.78, HAI is in line with its industry, outperforming 58.33% of the companies in the same industry.
HAI has a debt to FCF ratio of 8.17. This is a slightly negative value and a sign of low solvency as HAI would need 8.17 years to pay back of all of its debts.
HAI has a Debt to FCF ratio of 8.17. This is comparable to the rest of the industry: HAI outperforms 58.33% of its industry peers.
A Debt/Equity ratio of 0.13 indicates that HAI is not too dependend on debt financing.
HAI has a Debt to Equity ratio of 0.13. This is comparable to the rest of the industry: HAI outperforms 58.33% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.13 | ||
| Debt/FCF | 8.17 | ||
| Altman-Z | 2.78 |
ROIC/WACCN/A
WACC8.6%
2.3 Liquidity
HAI has a Current Ratio of 1.59. This is a normal value and indicates that HAI is financially healthy and should not expect problems in meeting its short term obligations.
HAI's Current ratio of 1.59 is fine compared to the rest of the industry. HAI outperforms 75.00% of its industry peers.
HAI has a Quick Ratio of 1.20. This is a normal value and indicates that HAI is financially healthy and should not expect problems in meeting its short term obligations.
HAI has a better Quick ratio (1.20) than 83.33% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.59 | ||
| Quick Ratio | 1.2 |
3. Growth
3.1 Past
HAI shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -125.00%.
HAI shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 2.25% yearly.
HAI shows a decrease in Revenue. In the last year, the revenue decreased by -5.56%.
The Revenue has been growing by 11.82% on average over the past years. This is quite good.
EPS 1Y (TTM)-125%
EPS 3Y-16.75%
EPS 5Y2.25%
EPS Q2Q%0%
Revenue 1Y (TTM)-5.56%
Revenue growth 3Y11.84%
Revenue growth 5Y11.82%
Sales Q2Q%14.26%
3.2 Future
The Earnings Per Share is expected to decrease by -1.95% on average over the next years.
The Revenue is expected to grow by 6.27% on average over the next years.
EPS Next Y-115.71%
EPS Next 2Y28%
EPS Next 3Y-1.95%
EPS Next 5YN/A
Revenue Next Year-1.16%
Revenue Next 2Y5.12%
Revenue Next 3Y6.27%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
HAI reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
HAI is valuated rather expensively with a Price/Forward Earnings ratio of 21.00.
Based on the Price/Forward Earnings ratio, HAI is valued cheaper than 83.33% of the companies in the same industry.
HAI's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 23.36.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 21 |
4.2 Price Multiples
HAI's Enterprise Value to EBITDA ratio is in line with the industry average.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of HAI is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 75.98 | ||
| EV/EBITDA | 24.43 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y28%
EPS Next 3Y-1.95%
5. Dividend
5.1 Amount
HAI does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
TSX:HAI (10/6/2025, 7:00:00 PM)
5.16
+0.05 (+0.98%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryCommunications Equipment
Earnings (Last)
Earnings (Next)
Inst Owners6.43%
Inst Owner ChangeN/A
Ins Owners36.17%
Ins Owner ChangeN/A
Market Cap141.02M
Analysts80
Price Target6.11 (18.41%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly DividendN/A
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-248.51%
Min EPS beat(2)-496.04%
Max EPS beat(2)-0.99%
EPS beat(4)0
Avg EPS beat(4)-180.46%
Min EPS beat(4)-496.04%
Max EPS beat(4)-0.99%
EPS beat(8)1
Avg EPS beat(8)-95.98%
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)2
Avg Revenue beat(2)7.55%
Min Revenue beat(2)4.63%
Max Revenue beat(2)10.48%
Revenue beat(4)2
Avg Revenue beat(4)-2.22%
Min Revenue beat(4)-15.73%
Max Revenue beat(4)10.48%
Revenue beat(8)3
Avg Revenue beat(8)-3.04%
Revenue beat(12)7
Avg Revenue beat(12)1.37%
Revenue beat(16)8
Avg Revenue beat(16)-0.01%
PT rev (1m)9.46%
PT rev (3m)9.46%
EPS NQ rev (1m)266.65%
EPS NQ rev (3m)233.3%
EPS NY rev (1m)22.23%
EPS NY rev (3m)-127.45%
Revenue NQ rev (1m)4.32%
Revenue NQ rev (3m)7.45%
Revenue NY rev (1m)2.16%
Revenue NY rev (3m)5.57%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 21 | ||
| P/S | 1.11 | ||
| P/FCF | 75.98 | ||
| P/OCF | 35.72 | ||
| P/B | 1.53 | ||
| P/tB | 3.78 | ||
| EV/EBITDA | 24.43 |
EPS(TTM)-0.04
EYN/A
EPS(NY)0.25
Fwd EY4.76%
FCF(TTM)0.07
FCFY1.32%
OCF(TTM)0.14
OCFY2.8%
SpS4.67
BVpS3.37
TBVpS1.36
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.89% | ||
| ROE | -1.34% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | 72.48% | ||
| FCFM | 1.45% |
ROA(3y)-0.57%
ROA(5y)0.07%
ROE(3y)-1.12%
ROE(5y)1.21%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5Y-9.63%
PM growth 3YN/A
PM growth 5Y-6.09%
GM growth 3Y-0.8%
GM growth 5Y-0.55%
F-Score4
Asset Turnover0.92
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.13 | ||
| Debt/FCF | 8.17 | ||
| Debt/EBITDA | 2.22 | ||
| Cap/Depr | 23.65% | ||
| Cap/Sales | 1.64% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | 70.94% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.59 | ||
| Quick Ratio | 1.2 | ||
| Altman-Z | 2.78 |
F-Score4
WACC8.6%
ROIC/WACCN/A
Cap/Depr(3y)15.44%
Cap/Depr(5y)18.5%
Cap/Sales(3y)1.1%
Cap/Sales(5y)0.9%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-125%
EPS 3Y-16.75%
EPS 5Y2.25%
EPS Q2Q%0%
EPS Next Y-115.71%
EPS Next 2Y28%
EPS Next 3Y-1.95%
EPS Next 5YN/A
Revenue 1Y (TTM)-5.56%
Revenue growth 3Y11.84%
Revenue growth 5Y11.82%
Sales Q2Q%14.26%
Revenue Next Year-1.16%
Revenue Next 2Y5.12%
Revenue Next 3Y6.27%
Revenue Next 5YN/A
EBIT growth 1Y-136.87%
EBIT growth 3YN/A
EBIT growth 5Y1.06%
EBIT Next Year-90.16%
EBIT Next 3Y-40.01%
EBIT Next 5YN/A
FCF growth 1Y-86.13%
FCF growth 3Y129.93%
FCF growth 5Y25.45%
OCF growth 1Y-73.58%
OCF growth 3Y106.42%
OCF growth 5Y25.22%